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Research and Development (R&D) Expenses Definition


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Quotes of the day:

I\'m in favor of legalizing drugs. According to my values system, if people want to kill themselves, they have every right to do so. Most of the harm that comes from drugs is because they are illegal.

— Milton Friedman

Research and development (R&D) expenses are associated with the research and development of a company’s goods or services. A company generally incurs R&D expenses in the process of finding and creating new products or services. As a type of operating expense, a company may deduct R&D expenses on its tax return.

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